A New York federal judge conditionally certified a Fair Labor Standards Act collective action accusing Morgan Stanley & Co. LLC of shorting its client services associates on overtime pay, finding the plaintiffs had adequately claimed they were subject to an unlawful overtime policy.

U.S. District Judge Richard J. Sullivan ruled the plaintiffs, current and former client services associates employed by Morgan Stanley throughout most of the U.S., had sufficiently alleged they were subject to an unofficial overtime policy that stiffed them on overtime pay.